May 27, 2022
Tax incentives to assist aviation sector businesses in recruiting highly skilled talent, beginning in the 2022 tax year.
Apr 15, 2022
In 2020, Governor Kelly established the Office of Broadband Development. This high-profile position reports to the agency’s Chief of Staff and has responsibilities that include: Ensuring broadband programs are efficiently and effectively implemented and managed to deliver high impact across the stateDevelop strategies to pursue funding opportunities outside of state…
Read MoreAug 23, 2021
Kansas law exempts the property tax on commercial and industrial machinery and equipment purchased or transferred into Kansas after June 30, 2006. The personal property tax exemption continues each year under the law.
This personal property tax exemption is unique and offers significant savings each year to companies. Savings will depend on the fair market value of the property, depreciation, the local mill levy rate and whether all equipment qualifies for the property tax exemption. The exemption can cover such items as: computers, furniture, office equipment, business machinery and manufacturing and warehouse equipment.
Aug 23, 2021
Sales Tax and Revenue (STAR) Bonds are a financing tool that allows Kansas municipalities to issue bonds to finance the development of major commercial, entertainment and tourism projects. The bonds are paid off through the sales tax revenue generated by the development.
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Aug 23, 2021
Tax Increment Financing (TIF) is a real estate redevelopment tool applicable to industrial, commercial, intermodal transportation area and residential projects.
Read MoreAug 23, 2021
Economic Development (CDBG-ED) program is a source of financing for companies that are expanding an existing facility or starting a new operation in a non-metropolitan area of Kansas.
Read MoreAug 23, 2021
Workforce AID addresses the skills gap currently challenging companies.
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